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Purple Co acquired 65% of Gold Corp for $2,600,000 on Jan 1. Gold owned a building and equipment with 10 year useful lives. The book

Purple Co acquired 65% of Gold Corp for $2,600,000 on Jan 1. Gold owned a building and equipment with 10 year useful lives. The book value of these assets was $830,000, and the fair value was $950,000. For Gold's other assets and liabilities, book value was equal to fair value. The total fair value of Gold's net assets was $3,500,000. Answer the following questions with this information using the acquisition method. Do NOT use $ signs or commas in your answer!

What is 100% of the fair value purchase price of Gold Corp? __________________

What is the amount of goodwill associated with Purple's purchase of Gold? ______________

What is the percentage of minority interest, expressed as a % ? __________________

What is the amount of the non-controlling interest as of the date of the acquisition? ____________________

What is the fair value difference that is attributable to the net assets (not goodwill)? ___________________

How much fair value amortization will be recorded at the end of the first year of acquisition? ______________________

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